Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Makes New $10.67 Million Investment in United Parcel Service, Inc. (NYSE:UPS)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new stake in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, HoldingsChannel reports. The firm bought 84,574 shares of the transportation company’s stock, valued at approximately $10,665,000. United Parcel Service accounts for 8.2% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.’s investment portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth $26,000. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC grew its position in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $111.05 on Friday. The firm’s 50 day simple moving average is $118.92 and its 200-day simple moving average is $126.58. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $154.29. The firm has a market cap of $94.85 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the company posted $2.47 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.91%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is presently 97.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UPS shares. Susquehanna reduced their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Morgan Stanley dropped their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Finally, Stifel Nicolaus reduced their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $137.57.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.